Trilogy Funds Lending Committee
At the core of loan approvals is our Lending Committee, and the framework under which loans are assessed and managed.
Policies and processes guide the way we select and manage loans, seeking to maximise risk—adjusted returns across our loan book and ultimately investor returns.
What is the role of the Lending Committee?
Broadly speaking, the role of the Lending Committee is to review new lending opportunities, oversee management of the existing loan book and support Trilogy’s team of portfolio managers.
One of the most important functions of the Committee is to set the lending risk profile and ensure certain exposures (e.g. limit exposure to certain borrower groups) are consistent with Trilogy Fund’s overall risk appetite. Day-to-day loan management sits with the portfolio manager and the broader lending operations team who are ultimately answerable to the Lending Committee.
On an ongoing basis, the Lending Committee works in tandem with the portfolio managers to monitor and, where appropriate, adjust the portfolio composition with respect to geographic concentration, borrower group concentration and other key parameters. The Lending Committee will also provide guidance and oversight in work-out situations where certain loans may require further attention.
Lending Committee members
Lending Committee membership is comprised of Trilogy staff and external experts. This ensures a diverse range of skills and knowledge across finance, construction, and property development; and also enhances objectivity in decision making.
David Hogan
Independent Lending Committee Chair
David is a co-founder and former Director of Trilogy Funds and has over 40 years’ experience in property related lending and funds management. He has been a lending committee member of one of Australia’s largest pooled mortgage funds and has managed the negotiations for the acquisition of numerous Australian and global commercial property assets. David is currently the independent non-executive Chair of the Trilogy Funds Lending Committee.
Grant Whittaker
Independent Lending Committee Member
An experienced Company Director, Grant has a wealth of experience in delivering revenue and profitability targets in challenging environments. After 24 years working with Knight Frank, 14 as Managing Director – Qld. Grant went on to establish Whittaker Property Group in 2015. Through Whittaker Property Group, Grant provides a range of bespoke property advisory services including portfolio review and analysis, asset management, risk management, compliance and investment structuring. Grant is a qualified Valuer, a Licensed Real Estate Agent, and a Fellow of the Australian Institute of Company Directors.
Mark Lamond
Independent Lending Committee Member
Mark brings more than 50 years of diverse property, construction and finance experience to the Lending Committee. His experience ranges from quantity surveying through to managing budget and cost control procedures for major infrastructure projects and identifying and negotiating complex commercial projects. Most recently, Mark has acted in an advisory capacity assisting with planning, construction, and property projects in both the public and private sectors. Mark is active in the New South Wales, Queensland, ACT, Victorian, South Australian and Tasmanian construction markets.
Rohan Butcher
Trilogy Funds Non-Executive Director
Rohan is a Non-Executive Director of Trilogy Funds and a member of the Lending Committee. With more than 30 years’ experience in construction and property development, Rohan brings to Trilogy Funds his experience working in quantity surveying, estimating, project administration, development management, planning and project management. At Trilogy Funds, Rohan’s key area of focus is the management of risk in the delivery of projects.
Rohan has been involved in several major projects within the residential, retail and commercial property sectors while undertaking a variety of senior appointments with major public and private companies. He is also a member of the Urban Development Institute of Australia.
Philip Ryan
Trilogy Funds Managing Director
Co-founder and Managing Director of Trilogy Funds, Philip has over 40 years of experience in the financial services industry, across financial planning and funds management. He has been a solicitor of the Supreme Court of Queensland and the High Court of Australia for more than 40 years.
In addition to qualifications in law, he is a fellow of Finsia and has qualifications at a post graduate level in financial services and mortgage lending through Finsia (and its predecessor the Securities Institute of Australia).
John Barry
Trilogy Funds Executive Director
John is a co-founder of Trilogy Funds and Chairman of the Board’s Audit Committee, the Property Investment Committee, and the Treasury Committee.
Previously, John was involved in the establishment and ultimate growth of investment management firm, Challenger Limited (Challenger) which included the $3.5 billion Howard Mortgage Trust and a $2.7 billion international property portfolio. John was an Executive Director at Challenger on the lending committee and responsible for the Howard Mortgage Trust which grew to over $3 billion in FUM. As the former Head of Property, John was responsible for the structure and establishment of Challenger’s property backed long-term annuities.
Preceding Challenger, John worked in corporate finance at Morgan Grenfell Australia as well as serving as an Executive Director for Rothschilds Australia. Prior to Trilogy Funds, John established ABN AMRO’s reverse mortgage product and headed up its PPP social infrastructure division.
Justin Smart
Trilogy Funds Executive Director and Chief Operating Officer
Justin is a Certified Practising Accountant, with extensive experience in senior positions within financial services, information technology, insurance and auditing. Leveraging his detailed knowledge and understanding of Trilogy’s product, Justin has developed comprehensive back-office systems which manage the group’s day to day operations, as well as the Scheme’s expected credit loss model. He is a long-standing member of the Lending, Workout, and Investment Committees and is committed to continuous improvement, prioritising results-driven and mutually beneficially outcomes for our broker and borrower clients.
